Use the following to answer questions:
Figure: The Market for Books
-(Figure: Market for Books) Look at the figure The Market for Books. Suppose the price is temporarily $18. Do consumers gain or lose from this price, and by how much? Do producers gain or lose from this price control, and by how much? How is total surplus affected?

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Use the following to answer questions:
Figure: The Market for Books 
-(Figure: Market for Books) Look at the figure The Market for Books. Suppose the price is temporarily $18. Do consumers gain or lose from this price, and by how much? Do producers gain or lose from this price control, and by how much? How is total surplus affected?

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The Answer of Use the following to answer questions:
Figure: The Market for Books 
-(Figure: Market for Books) Look at the figure The Market for Books. Suppose the price is temporarily $18. Do consumers gain or lose from this price, and by how much? Do producers gain or lose from this price control, and by how much? How is total surplus affected?

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